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Tag Archives: oil exports

Kuwait stops crude oil shipping for first time since first Gulf War

Kuwait has all but stopped shipping crude to the US for the first time since the aftermath of Saddam Hussain’s invasion in 1990, eroding an economic link between Washington and the Arab state. The halt is the latest sign that booming demand for oil in Asia, particularly as the US …

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Iran’s exports will not come down to zero

The US will find it difficult to cut Iran’s oil exports completely as the oil market is already tight and rival producers cannot make up the shortfall, a top Iranian official said. Iran’s Opec governor Hossein Kazempour Ardebili said that a “supply shortage” meant that the US would not be …

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